Las Vegas SandsNYSE: LVS

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Analysts are praising Las Vegas Sands Corp (LVS) for its solid standing in Macau and the area's recovery, despite the company not meeting expectations for earnings per share and revenue in the third quarter.

The financial results for Las Vegas Sands (LVS) from the quarter ending in September 2024 provide insight into the company's performance. It may also be helpful to compare some important figures to Wall Street predictions and the same period from the previous year.

Las Vegas Sands (LVS) reported quarterly earnings of $0.44 per share, which is lower than the Zacks Consensus Estimate of $0.55 per share. This is a decrease compared to earnings of $0.55 per share from the same period last year.

Red Rock Resorts is ready to expand due to its undervalued real estate and strong position in the Las Vegas local market. The company's efficient operations, strategic land holdings, and quality assets allow it to benefit from the increasing wealthy population in Las Vegas. The new Durango property and North Folk development are important factors for growth, likely to greatly increase EBITDA and market presence.

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Las Vegas Sands (NYSE: LVS) will announce its financial results for the third quarter of 2024 on Wednesday, October 23, 2024, after the market closes. Following this, the company will hold a conference call to go over the results at around 1:30 p.m.

LVS is expected to show slow recovery in visitor numbers in its third-quarter 2024 results. However, an increase in travel demand is likely to have helped improve overall performance.

The Sands Hospitality Advancement Scholarships, in collaboration with HACU, aim to assist hospitality students from Hispanic-serving institutions in Las Vegas and the Dallas-Fort Worth area. On October 10, 2024, Las Vegas Sands announced that they will provide scholarships to 13 students from HACU-member schools to help them prepare for careers in the travel, tourism, and leisure sectors.